Trading analysis

USD/JPY (a 4-hour chart)

The pair is growing, receiving support from new purchases by short-term traders who have suffered losses due to the trading agiotage caused by the false report of an explosion at the White House.

According to a senior dealer at a major Japanese bank, short-term traders seem to want to compensate the losses incurred by the day before and so open the stop-buy orders. He believes that if the pair manages to grow above 100, it would not be surprising.

The pair is above the Kijun-Sen and the Tenkan-Sen, the Kijun-Sen line is directed upwards, the Cloud resumed its growth.

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